Form 4: Johnson Controls EVP and CFO Marc Vandiepenbeeck Reports Share Sale
SEC Filing
Marc Vandiepenbeeck, EVP and CFO of Johnson Controls International plc, reported the sale of 186 ordinary shares at a price of $60.24 on March 4, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 4, 2024, Marc Vandiepenbeeck, the EVP and CFO of Johnson Controls International plc, sold 186 ordinary shares.
- The sale was executed at a price of $60.24 per share.
- Following the transaction, Vandiepenbeeck directly owns 44,873 ordinary shares.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 8, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a routine disclosure of an insider transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 08/08/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 03/04/2024 | Date of transaction (sale of shares) |
| 03/05/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.